Despite Troubles, China's LDK Solar to Keep Humming

By

Wayne Ma

Nov. 6, 2012 11:47 a.m. ET

BEIJING—It's no surprise that U.S. and European solar-equipment companies are struggling, undermined, they say, by competition from China. But China's LDK Solar Co. has had many of the same problems: heavy debt, deepening losses and a sinking stock.

The difference: LDK's factories are widely expected to keep on humming.

Despite debt of more than $2 billion and a second-quarter loss of about $254 million, LDK has won help from...